Two Myths and Ten Cyber Security Tips

Myth #1 - Cyber is not an important insurance coverage for your business.

According to a newly released study from Experian and the Ponemon Institute, 76 percent of large businesses (those with 500 or more employees) say protecting against a cyber-security exploit is as important, or more important than safeguarding against a natural disaster, business interruption or fire.

The study, titled "Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age," also found that companies of all sizes are increasingly looking to cyber insurance as part of the solution for managing the risks posed by security incidents. Of those with a policy, 30 percent have experienced an exploit or a data breach and submitted a claim.

Myth #2 - If you're a small company, you wont be targeted.

If you think your business is too small to be an attractive target for cyber criminals or you dont have anything worth stealing, think again. The 2012 Data Breach Investigations Study by Verizon shows that in 855 data breaches they examined, 71 percent occurred in businesses with fewer than 100 employees.

Diane Poljak is a member of Assurance’s Senior Management Team and is responsible for overseeing the Staffing & PEO Practice. With over 20 years of industry experience, Diane is responsible for the overall vision and strategy of the Staffing & PEO Team. She serves a key role in advising the company’s risk consultants as well as creating and maintaining strategic relationships with insurance carriers and other vendor partners. Diane graduated from Butler University with a degree in Marketing. She also possesses an Associate in Risk Management (ARM) designation and is an active member of multiple trade associations, including the American Staffing Association (ASA).

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